secwatch.observer — SEC 8-K summary
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Issuer:     PUBLIC SERVICE ENTERPRISE GROUP INC (PEG)
CIK:        0000788784
Form:       8-K
Filed at:   2022-10-31T23:59:59+00:00
Accession:  0001193125-22-273334
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PSEG Q3 Non-GAAP EPS $0.86 vs $0.98 YoY; narrows 2022 guidance to $3.40-$3.50
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- GAAP net income $114M ($0.22 EPS) vs net loss $1,564M ($3.10 loss) in Q3 2021 due to fossil impairment.
- Non-GAAP operating earnings $429M ($0.86 EPS) vs $495M ($0.98 EPS) YoY; Q3 electric gross margin declined $0.29/sh.
- Narrowed 2022 non-GAAP EPS guidance to $3.40-$3.50 from $3.35-$3.55, midpoint affirmed; PSE&G net income forecast raised to $1,545-1,575M.
- PSE&G revised 2022 capex to $3B; filed FERC formula rate update for $69M increase effective Jan 1, 2023.
- Nuclear Q3 output 8 TWh; 94.3% YTD capacity factor; hedged 95-100% of 2023 output at $30/MWh; net cash collateral postings $1.7B.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/788784/000119312522273334/0001193125-22-273334-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/81033/000119312522273334/d408496d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-273334

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